5492 Legend Hills Ln, Spring Hill, FL 34609
2 beds · 2 baths · 1,991 sqft sqft
Easy, breezy Florida living? You betcha! This lovely Silverthorn villa is maintenance-free and waiting for you. Double doors swing open to reveal an open, functional layout with lots of room for entertaining or relaxing. The spacious living room features beautiful coffered ceilings; huge glass sliders and recessed lighting keep things bright and airy. There’s not a stitch of carpet to be found. Instead, stylish laminate flooring lines the living areas and bedrooms, and there’s tile in both bathrooms. Need an office so you can work from home? Or maybe you’d like a cozy den for languorous afternoon reading? A generously sized flex room offers the space for whatever you want - it could even be a third bedroom. Modern and cheery, the kitchen offers upgrades like granite counters and stainless steel appliances. Retreat to the primary bedroom suite for privacy, thanks to the split-bedroom floor plan. There, you’ll have separate access to the lanai, as well as dual walk-in closets. The attached bathroom features a dual sink vanity, a large garden tub, and a standalone shower. The remaining guest bedroom is quite sizable, and has plenty of closet space. Morning coffee or evening wine is best enjoyed on the large lanai, which overlooks a backyard shaded with trees. Silverthorn is a premier gated golf community with some spectacular amenities, such as manned security, a country club, a restaurant and bar, a community center, fitness center, library, a jr-Olympic sized community pool, a pro-shop, tennis courts, pickleball courts, and much more. HOA fees include cable and internet, as well as landscape maintenance, painting, and irrigation. You'll be close to lots of shopping and dining options, and minutes from the Gulf of Mexico; access to Tampa via the Suncoast Parkway is quick and easy. Anderson Snow Park, with its amazing sports complex, and Veterans Memorial Park, with its popular walking trails, are both less than 6 miles away. Don't forget to check out the world-famous mermaids at Weeki Wachee Springs State Park, which also has a canoe/kayak launch and a waterpark in the summer months; it's only a short trek west. Private tours are available. Make everyday a getaway when you make this home your own!
Source: STELLAR #w7868814
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #w7868814
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #w7868814
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.